Dear All,
we r service providing co. & one of our client is having guest houses all over india. we provides house keeping services as well as catering.In case of catering we used to purchase groceries,vegetables,beverages & made the complete food and the same served to guest.

and whatever the expenses we incurred that we have to reimburse it from the client.

so,want to confirm that service tax is applicable on that purchase of groceries,vegetables & other raw materials?
or vat is applicable?

Dear All,
we r service providing co. & one of our client is having guest houses all over india. we provides house keeping services as well as catering.In case of catering we used to purchase groceries,vegetables,beverages & made the complete food and the same served to guest.

and whatever the expenses we incurred that we have to reimburse it from the client.

so,want to confirm that service tax is applicable on that purchase of groceries,vegetables & other raw materials?
or vat is applicable?

Some Samples of Invoices are given below. I wish to know whether TDS is applicable in each case or not.
If yes on which amount and at what rate?

Please answer with reason

A) Vendor ABC Ltd. Okhla Delhi
AC Installation Bill :
Particulars: Amount (Rs.)
Refrierant Piping 1,27,500
Stablizer for Cassette 67,500
PVC Drain Pipe 19,950
Angle Iron Stand 31,500
Standard Installation 31,500

Total 2,77,950
Add 12.5% VAT on 70% 24,321
Add Service Tax 12.36%
on 30% 10,307

Grand Total 3,12,578

Whether TDS is applicable on 30% amount
including service tax or on full amount
or not applicable at all.If applicable
then under which section.

B) Vendor XYZ Ltd. Karol Bagh Delhi
Glow Sign Board Installation Bill:
Particulars: Amount (Rs.)
Size 17'x3' (51 SQ Ft) 10,965
Iron Angle Charges 900
Cartage & Octroi
(excluding Vat) 7,500
Night Charges (4 Persons) 1,600
Food & Bus Ticket 2,200

Total 23,165
Add: Vat @ 12.5% on 11,865 1,483

Total Sales Price with Vat 24,648

Whether TDS chargeable on Cartage
amount or on Cartage + Night Charges
+ Food or not applicable at all. If
applicable then under which section.

we are comm. agent & as so we receive comm on sale.

(for sale/pur it is 40 lacs for a/c to be audited).

what is the limit for "a/c to be audited" in our case?

Respected experts..
Ours is a private trust(non deposit taking) engaged in microfinance activity at chennai.At present we are lending to individuals under lower income group to improve their business, house and personal purpose.We planned to buy gold and sell it to the clients through loan schemes.Is there any legal formalities to be followed to execute this loan?Is there any limit to fix the interest rate for gold purhcase loans?

X LTD. IS A LISTED COMPANY AND IS REQUIRED TO PREPARE QUARTERLY RESULTS. IN THE PROCESS OF PREPARING QTR. RESULTS IT HAS MADE PROVISION FOR THE FOLLOWING EXPENSES WHICH HAVE BEEN INCURRED BUT NOT INVOICED BY VENDORS TILL THE END OF QUARTER:

FABRICATION RS. 2,50,000
WASHING EXP. RS. 1,10,000
SECURITY SERVICE RS. 1,56,000

ENTRY PASSED FOR THE PROVISION OF ABOVE EXPENSES IS:

FABRICATION DR. RS.2,50,000
WASHING EXP. DR. RS.1,10,000
SECURITY EXP. DR. RS.1,56,000
TO PROVISION FOR EXP.RS.5,06,000

NOW I WISH TO KNOW WHETHER TDS LIABILITY ARISE ON THE ABOVE PROVISION OR NOT ?

IN MY OPINION TDS IS NOT CHARGEABLE AS NO CREDIT HAS BEEN GIVEN TO ANY VENDOR OR SERVICE PROVIDER.

PLEASE ANSWER CLEARLY.

Can you please provide me a copy of Form 15G and 15H for downloading. Alternatively, please provide a link for the same. The form available on Income Tax website runs into 4 pages because of its format and fonts.

DEAR SIR,
I have got my 109 singed on 23.03.2009 and where i will be re-register he is giving me the date of 18.04.2009. After the annoucement can i get myself re-register to another ca on 18.04.2009. if no, then what i have to do????? I have already left my previous office and the sit's are full under my previous employer. This is my position right now. What i can do...
I am in crucial postion Please help me out.....

please tell me about vat 49 for transportation in detail i.e where it is used.


if we are sending material to otherstate and we made four bill of same date and continue number i.e 1 to 4 to one party. then how many vat 49 is required to issue.

Thanks

Dear Friends,

My company is importing raw material on LC 90 days.Payment is to be made on 90 days from shipping date. We have to book purchase on receipt of material. My question is that at what rate we should book the invoice which is in dollar.If we book it on current rate than difference will arise as payment is to be made after 90 days . How such transaction is to be accounted in books. Pls reply me on "rajeev20@hotmail.com"